Average Rent in Salt Lake City, UT↑ Rents rising 8.8% YoY🔺 2nd priciest in UT

Salt Lake City, UT has rental prices ranging from $1,243/month to $2,670/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,453/month — 4% above the national average of $1,400/month. With a median household income of $95,045/year, spending $1,453/month on a 1-bedroom represents 18% of gross income — within the recommended 30% threshold.

How Salt Lake City Compares

With an average 2-bedroom rent of $1,748/month, Salt Lake City ranks #2 most expensive of the 25 cities tracked in Utah — pricier than 96% of all US cities in our data.

The Salt Lake City Rental Market

The Salt Lake City, UT area has a population of about 1,261,337 and 32% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Salt Lake City, UT have risen by $142/month (8.8%) over the past year, from $1,606 to $1,748. This rate of increase is significant and reflects strong rental demand and limited housing supply in the local market.

Affordability

To afford a 1-bedroom apartment in Salt Lake City, UT without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $58,120. The local median household income of $95,045 exceeds that threshold by $36,925, making Salt Lake City relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Salt Lake City, UT is $582,654, giving a price-to-rent ratio of 27.8. With a break-even horizon of approximately 28 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Neighborhoods

Home values — and by extension rent levels — vary significantly across Salt Lake City's neighborhoods. Among the highest-value areas are Poplar Grove ($402,277 median home value), Fairpark ($418,937 median home value), Central City ($422,720 median home value). Rental prices typically follow home value patterns, with premium neighborhoods commanding higher rents than outer areas. Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.

Is Salt Lake City, UT Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Salt Lake City?

Break-even analysis and mortgage estimates based on local market data.

Living in Salt Lake City

Cost of living, job market, crime rates, and moving cost estimates.